NORTHSTAR ASSET MANAGEMENT Co LLC Purchases 45 Shares of McDonald’s Co. (NYSE:MCD)

NORTHSTAR ASSET MANAGEMENT Co LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,006 shares of the fast-food giant’s stock after acquiring an additional 45 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in McDonald’s were worth $1,451,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Riversedge Advisors LLC increased its stake in shares of McDonald’s by 2.0% in the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after buying an additional 33 shares in the last quarter. Proquility Private Wealth Partners LLC increased its position in McDonald’s by 1.0% in the 3rd quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after acquiring an additional 35 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in shares of McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after acquiring an additional 35 shares during the last quarter. GDS Wealth Management lifted its position in shares of McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares in the last quarter. Finally, Boltwood Capital Management lifted its position in shares of McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $294.39 on Monday. The company has a 50 day moving average of $290.70 and a 200-day moving average of $290.89. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market capitalization of $210.97 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Citigroup lifted their price objective on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $318.86.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.